73440 Property Tax Rate

Property owners in ZIP code 73440 (Lebanon, Oklahoma) pay a median of $597/year in property taxes on homes valued at $171,600. This translates to an effective tax rate of 0.35%, which is 47% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73440 is approximately $50, which factors into escrow payments on mortgages. This ZIP code is located within Marshall County. This is $395 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 73440 has lower property taxes. ZIP codes with similar effective rates include 74756 (0.35%) and 73722 (0.35%).

In Lebanon, property taxes represent approximately 0.7% of the median household income of $90,625, providing context for the relative tax burden on homeowners in this area.

Marshall County does not cap or freeze assessments at purchase — the county assessor will appraise your property at fair market value, which may increase annually. Homeowners and seniors should file for the Homestead Exemption or Senior Exemption with the Marshall County Assessor's office to claim tax relief. Contact the assessor within 30 days of purchase to apply for exemptions and verify your property record accuracy.